California Capital Financial Development Corporation
- Assets
- $3.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 30
- Location
- Sacramento, CA
- Founding
- 01/1983
- Data as of
- 06/2021
- EIN
- 94-2861631
Organization Overview
California Capital Financial Development Corporation, operating under the name California Capital FDC, is located in Sacramento, CA. The organization was established in 1983. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, California Capital FDC employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Capital FDC is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, California Capital FDC generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $3.0m during the year ending 06/2021. While expenses have increased by 21.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE CAPITAL AND DEVELOPMENT ASSISTANCE TO INCREASE ECONOMIC OPPORTUNITIES FOR UNDERSERVED COMMUNITIES AND PERSONS BY OFFERING A WIDE RANGE OF FLEXIBLE FINANCIAL PRODUCTS AND SERVICES THROUGH COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WOMEN'S BUSINESS CENTER: THE CALIFORNIA CAPITAL WBC, UNDER COOPERATIVE AGREEMENT WITH THE SMALL BUSINESS ADMINISTRATION, IS COMMITTED TO HELPING ENTREPRENEURS START AND GROW THEIR BUSINESSES THROUGH EDUCATIONAL WORKSHOPS, ONE-ON-ONE ASSISTANCE, ONLINE LEARNING, AND CONNECTION WITH LOCAL RESOURCES.
CAPITAL ACCESS PROGRAM: CALIFORNIA CAPITAL ADMINISTERS VARIOUS LOAN PROGRAMS INCLUDING DIRECT LENDING TO SMALL BUSINESSES THROUGH FEDERAL AND DONOR FUNDED PROGRAMS AND ADMINISTERS LOAN GUARANTEES UNDER THE DIRECTION OF THE STATE OF CALIFORNIA IN WHICH LOANS ARE GUARANTEED FOR SMALL BUSINESSES AS WELL AS TECHNICAL ASSISTANCE FOR LOAN READINESS.
PROCUREMENT TECHNICAL ASSISTANCE CENTER: THE CALIFORNIA CAPITAL PTAC, UNDER COOPERATIVE AGREEMENT WITH THE DEFENSE LOGISTICS AGENCY, PROVIDES CAPACITY-BUILDING TRAINING AND DIRECT ASSISTANCE TO SMALL BUSINESSES RELATED TO GOVERNMENT CONTRACTING. WE PROVIDE THIS PROCUREMENT TECHNICAL ASSISTANCE TO SMALL BUSINESSES WHO WISH TO OR CURRENTLY DO BUSINESS WITH FEDERAL, STATE, OR LOCAL GOVERNMENT.
RESEARCH AND BUSINESS DEVELOPMENT: DELIVERED IMPACT DRIVEN PROGRAMS WITHINPROMISE ZONE BUSINESS CORRIDORS AND STRENGTHENED CAL CAP FDC'S NETWORK CONNECTIONS WITH OTHER COMMUNITY ECONOMIC DEVELOPMENT AGENCIES IN SACRAMENTO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Muramoto President/ceo | OfficerTrustee | 40 | $165,000 |
May Masunaga CFO | Trustee | 40 | $108,895 |
Ivor Newman Program Director | 40 | $104,859 | |
Clarence Williams Chair | OfficerTrustee | 1 | $31,497 |
Virginia Coronado Vice Chair | OfficerTrustee | 1 | $0 |
Truman Rishard Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $509,555 |
| Noncash contributions included in lines 1a–1f | $26,098 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $509,555 |
| Total Program Service Revenue | $4,268,612 |
| Investment income | $50,704 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,828,871 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $452,085 |
| Compensation of current officers, directors, key employees. | $82,763 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,242,337 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $200,059 |
| Payroll taxes | $130,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,473 |
| Fees for services: Accounting | $13,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $379,304 |
| Advertising and promotion | $56,064 |
| Office expenses | $73,578 |
| Information technology | $41,458 |
| Royalties | $0 |
| Occupancy | $101,877 |
| Travel | $7,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,120 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,966 |
| Insurance | $21,749 |
| All other expenses | $0 |
| Total functional expenses | $3,005,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,000,944 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $946,881 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,799,027 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,455 |
| Net Land, buildings, and equipment | $17,687 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,545 |
| Total assets | $3,879,539 |
| Accounts payable and accrued expenses | $185,430 |
| Grants payable | $0 |
| Deferred revenue | $738,317 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,558 |
| Total liabilities | $1,002,305 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,877,234 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,879,539 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that California Capital Financial Development Corporation has recieved totaling $215,000.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $100,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $100,000 |
Umpqua Bank Charitable Foundation Portland, OR PURPOSE: CALIFORNIA CAPITAL COVID-19 RESPONSE, RESILIENCY, | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Raza Development Fund Inc Phoenix, AZ | $287,338,176 | $23,229,153 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |